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06 Jan 12 - 09:29 AM (#3285883) Subject: BS: Tax return deadline looming up! From: Bonzo3legs Y'all have 3 weeks 4 days 9 hours and 32 minutes to file your tax return on line if you are worried about the £100 Late Filing Penalty - then another 12 months to change it!!! |
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06 Jan 12 - 09:52 AM (#3285898) Subject: RE: BS: Tax return deadline looming up! From: Pete Jennings Mine went in late last year. Got a refund! |
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06 Jan 12 - 12:06 PM (#3285982) Subject: RE: BS: Tax return deadline looming up! From: GUEST,Eliza Now you won't believe me I know, but it's quite, quite true... this morning a cheque for £44 arrived from... The Taxman!!!!! An 'overpayment'. I nearly fell over with shock. So I shot off to the bank to deposit it before the guy changed his mind. |
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06 Jan 12 - 12:41 PM (#3286009) Subject: RE: BS: Tax return deadline looming up! From: Rapparee Or before there weren't funds to cover the check. |
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06 Jan 12 - 04:24 PM (#3286155) Subject: RE: BS: Tax return deadline looming up! From: kendall We have another three months |
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06 Jan 12 - 07:46 PM (#3286270) Subject: RE: BS: Tax return deadline looming up! From: YorkshireYankee Actually, Kendall, the tax returns in question are for 2010... so yours were due nine months ago! (Ask Jacqui if you don't believe me.) |
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07 Jan 12 - 08:53 AM (#3286495) Subject: RE: BS: Tax return deadline looming up! From: Pete Jennings My cheque was for £55.04! Like Eliza I was down the bank pronto! (I was going to say "down the bank in a flash", but knowing you lot... :-). |
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07 Jan 12 - 09:01 AM (#3286497) Subject: RE: BS: Tax return deadline looming up! From: GUEST,Eliza I can't understand, Pete, how an 'overpayment' occurs. Every penny I get from my State Pension (non-taxable) and my Professional Pension goes through their hands before I even see it. So they've boobed I suppose. Nice of them to give it back! |
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07 Jan 12 - 10:40 AM (#3286523) Subject: RE: BS: Tax return deadline looming up! From: Pete Jennings It's pretty straightforward in my cae, Eliza. Overpayments of small amounts such as these are due to tax being deducted at source from savings interest payments and it is later determined, once the whole year's financial records can be assessed (by the Revenue, using the tax return), that no tax should have been deducted, resulting in an overpayment and a refund. But in your case it could be a simple cock-up. (Oooo-er, missus, LOL). |
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07 Jan 12 - 12:17 PM (#3286569) Subject: RE: BS: Tax return deadline looming up! From: Musket Hang on Bozo. You forgot about the further penalty. £10.00 per day from 1 May for up to 90 days. After that, they get serious.. (My mate forgot all about it last year, ignored it all and later that year was sent a cheque for over £500 against a return he'd not bothered to send in and would be paying a few grand on. He is laughing, so he says, but I muttered something about the sword of Damocles....) |
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07 Jan 12 - 12:40 PM (#3286583) Subject: RE: BS: Tax return deadline looming up! From: GUEST,Eliza LOL Pete! Yes, it must be a boob (oo er again!) as I don't have any savings at all. In fact it's been some time since I used to be able to save anything, and I bet I'm not alone in that either! |
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07 Jan 12 - 01:26 PM (#3286608) Subject: RE: BS: Tax return deadline looming up! From: Pete Jennings BONZO, Ian. By "Bozo" I thought you meant me for a sec...most people do! |
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07 Jan 12 - 02:50 PM (#3286657) Subject: RE: BS: Tax return deadline looming up! From: Bonzo3legs Every penny I get from my State Pension (non-taxable) - State Pension does form part of your taxable income, but of course if that is covered by your personal allowance then no tax is payable. |
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07 Jan 12 - 02:53 PM (#3286658) Subject: RE: BS: Tax return deadline looming up! From: GUEST,Eliza Yes, Bonzo, that is what I meant. It goes into the personal allowance first, followed by the other pension, so it doesn't get taxed. |
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07 Jan 12 - 02:56 PM (#3286662) Subject: RE: BS: Tax return deadline looming up! From: Bonzo3legs In fact if you are between 65 and 74 years old in tax year ended 05/04/11, and your income falls below £9,490 no tax is payable so why not earn a little tax free income to use up the full personal allowance!! |